Inspire Investing LLC Buys New Position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Inspire Investing LLC purchased a new position in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 44,699 shares of the company’s stock, valued at approximately $960,000.

Several other large investors also recently bought and sold shares of ZIM. JPMorgan Chase & Co. lifted its position in shares of ZIM Integrated Shipping Services by 59.4% during the third quarter. JPMorgan Chase & Co. now owns 1,811,447 shares of the company’s stock worth $46,482,000 after purchasing an additional 674,723 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in ZIM Integrated Shipping Services by 2,228.7% in the 3rd quarter. International Assets Investment Management LLC now owns 402,862 shares of the company’s stock worth $10,337,000 after buying an additional 385,562 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in ZIM Integrated Shipping Services in the 3rd quarter worth $2,612,000. Blueshift Asset Management LLC purchased a new position in ZIM Integrated Shipping Services in the 3rd quarter valued at about $620,000. Finally, Quantbot Technologies LP grew its stake in shares of ZIM Integrated Shipping Services by 9,573.0% during the third quarter. Quantbot Technologies LP now owns 370,477 shares of the company’s stock valued at $9,506,000 after acquiring an additional 366,647 shares in the last quarter. Institutional investors and hedge funds own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Price Performance

Shares of NYSE ZIM opened at $17.07 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 1.43, a price-to-earnings-growth ratio of 0.21 and a beta of 1.77. ZIM Integrated Shipping Services Ltd. has a twelve month low of $9.08 and a twelve month high of $30.15. The business has a 50 day simple moving average of $20.79 and a 200-day simple moving average of $20.49.

ZIM Integrated Shipping Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $2.81 per share. This is a positive change from ZIM Integrated Shipping Services’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, December 2nd. This represents a $11.24 annualized dividend and a yield of 65.85%. ZIM Integrated Shipping Services’s payout ratio is presently 9.72%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group cut their price target on ZIM Integrated Shipping Services from $28.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, December 17th. Fearnley Fonds cut ZIM Integrated Shipping Services from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 21st. Clarkson Capital upgraded shares of ZIM Integrated Shipping Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 22nd. Finally, Barclays cut their price target on shares of ZIM Integrated Shipping Services from $16.50 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Five analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.04.

ZIM Integrated Shipping Services Profile

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.